Holidaybreak keeps losses in check
The specialist holiday group Holidaybreak, which employs 230 people in York, has seen its half-year losses rise but says the results are in line with expectations.
Pre-tax losses for the six months rose to £18.2m from £7.9m last year on revenue of £156m (£100m). The group traditionally reports an operating loss in the first half due to the seasonal nature of its businesses
Sales intake for its York-based Hotel Breaks division is currently seven per cent above last year, while its Adventure Travel sales are 3 per cent up.
The company's education division, formed from the acquisitions of PGL and NST last year, now accounts for about 22 per cent of group revenues.
Holidaybreak said: "The group enjoys a sound financial position and once again expects to deliver industry-leading margins. Operating cashflow is expected to remain strong. Our operations are resilient and that gives us confidence about the longer-term outlook for the group."
The full article contains 168 words and appears in n/a newspaper.
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Last Updated:
16 May 2008 10:03 AM
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Source:
n/a
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Location:
Yorkshire
